Selling an old coin to an international person Selling an old coin to an international person

2 years ago

Sir i have an old coin collection and i like to sell in market and an international guy who wants that coin he said that i want a license in international india coin trade how will i get that license? How will i sell my antique coin?

Anik

Responded 2 years ago

View All Answers
A.Dear Client,

In India 'the Antiquities and Art Treasures Act, 1972' deals with Antiques. As per Section 7(1) of this Act, Any person desiring to carry on, himself or by any other person on his behalf, the business of selling or offering to sell antiquities may make an application for the grant of a license to the licensing officer having jurisdiction. As per Section 8(1) of this Act, On receipt of an application for the grant of a license under section 7, the licensing officer may, after holding such inquiry as he deems fit, grant a license to the applicant.

Hope this clarifies your doubt and requirement.

Thank You.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconFraud agent
Dear Client, It appears from the long contents of the query that you are trapped by some unidentified touts who giving vague assurance extorted money from you in the name of processing your driving li...
question iconStarting a new Liquor brand
Dear Client, Opening a liquor manufacturing plant in India can be a complex and involved process that involves a significant investment of time and money. Liquor manufacturing in India is regulated b...
question iconRto licence fraud
Dear Client, Sorry to say, this kind of unethical or unprofessional query legally does not deserve any suitable response even if it is a free legal advice portal. If you have cogent evidence of corrup...
question iconExcise duty on BYOB
Dear client, In India, it is important to have a valid liquor license to distribute, purchase or serve to customers. You would be required to visit your state excise department's official website...
question iconLicenses and approvals needed for an edtech company to issue certificates
Dear Client, The following steps are normally taken to register an ed-tech startup in India. You have to incorporate your business as a Private Limited Company, Partnership firm or Limited Liability P...